KFactory, the Industry 4.0 startup in Romania, obtains a financing of over 800,000 euros. The goal is to grow the DACH market

By rbj
The Romanian startup KFactory, which offers a solution to increase the operational performance of production companies, obtains a financing of 600,000 euros in a round of investments led by the Cluj fund Fortech Investments.
Fortech Investments and SIF Transilvania join the existing investor Sparking Capital, which is increasing its initial investment. Thus, through this round, the total financing of KFactory reaches the amount of 817,500 euros, the company transmitted on Tuesday, in a press release.
Through the obtained financing, KFactory, startup Industry 4.0 from Romania, intends to accelerate its growth on the DACH market (Germany, Austria, Switzerland). The company also wants to invest in the network of partners and integrations, respectively to expand the capabilities of its platform, in order to increase operational performance, sustainability and digital knowledge at the factory level.
KFactory is a process automation platform focused on increasing operational performance for manufacturing companies of all sizes and in all sectors. The platform also includes the team of virtual engineers, a product that changes the way operational teams interact with production processes, maintenance, logistics and quality, being able to monitor the carbon footprint and energy efficiency, among other innovative features.
“In 2021, we have increased our customer base by 500% and over 300 industrial equipment are connected to our platform. We continue our growth in Romania and we are consolidating our presence on the DACH market, in order to have a global exposure in a few years. We want to thank all the investors for understanding our potential, contributing smart money and joining our journey, ”said Vlad Cazan, KFactory co-founder and Sales Leader.
“We have been successful in helping our clients obtain critical information about their business processes. With this funding, we aim to expand KFactory’s functionality, focus on people, innovation and sustainability, ”said Adrian Dima, KFactory co-founder and Product Leader.
The value of the investment is maximized by the presence of Fortech Investments, as the main investor, part of Fortech, one of the IT service providers in the region, included in the rankings as having one of the fastest growing in Central and Eastern Europe, known for its experience in developing software for the automotive industry, the startup also said.
“KFactory is an industry very close to the interests of Fortech Investments. With a strong team and clear leadership, KFactory is an excellent opportunity for Fortech Investments to support its production and expand its portfolio. Leading this round, we offer both expansion capital and technical and sales expertise to help KFactory reach new markets and new customers, ”said Valentin Filip, VP at Fortech Investments.
“KFactory’s progress is remarkable and we are pleased to once again contribute to the company’s development, following a first round of financing, led by Sparking since 2020. This transaction is a sign of maturity not only for Sparking Capital’s portfolio but also for the entire Romanian ecosystem “, says Cristian Negruțiu, Founding Partner at Sparking Capital.
On the other hand, Radu-Claudiu Roșca, CEO of SIF Transilvania, says that this partnership is the first step towards a new direction of future investments, adding that “we are open to support business ideas from all economic areas, prioritizing the value it creates on market and long-term development potential ”.